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52 LAS OLAS BOULEVARD & ISLES%u2022 Downtown Fort Lauderdale is becoming a more familyfriendly destination with its share of families with childrenliving downtown higher than the urban cores of Tampa,Nashville, and Austin.%u2022 RentCafe reports Fort Lauderdale apartments offer moreliving space for families and roommates than in other populardestinations. Apartments in Fort Lauderdale are 8% larger thanunits in Miami and 28% larger than units in New York City.%u2022 Downtown Fort Lauderdale is the biggest driver for increasinghousing inventory in Broward County. At 2.2 square miles, 4out of 5 new apartments units being built in Fort Lauderdaleand 40% of new apartments in the development pipeline inBroward County are based downtown.Looking Ahead Downtown Fort Lauderdale has a robust development pipeline of over 50 projects expected to add more than 20,000 new residential units to the city.Whether the launch of WeWork Founder Adam Neumann%u2019s Flow Fort Lauderdale, or Newgard Developments%u2019 Natiivo short-term rental project, new models for urban living are launching in our community.With new greenspaces and sky gardens, marinas and restaurants, art studios and pedestrian plazas, Downtown Fort Lauderdale is poised to add a wide range of new residential amenities across established neighborhoods and emerging districts.%u2022 Downtown Fort Lauderdale is projected to add more newapartments than its downtown peers in Tampa, Austin, andWest Palm Beach combined over the next decade.%u2022 Downtown Fort Lauderdale%u2019s population Is projectedto reach 33,000 by 2028, growing at a rate faster thanDowntown Miami and Downtown West Palm Beach.%u2022 New luxury residential buildings in the developmentpipeline are poised to announce the biggest wave of newcondominium projects in the last two decades.%u2022 Fort Lauderdale%u2019s downtown population increased by 35%from 2020 to 2023.Compared to its peer cities, DowntownFTL grew at a rate double Downtown Austin%u2019s, triple Downtown Tampa%u2019s, and eight times Downtown West Palm Beach%u2019s.%u2022 Downtown Fort Lauderdale has 20,000 new apartmentsin the development pipeline, more than downtown Tampa,Austin, and West Palm Beach combined.Of the 19,908 units planned for DowntownFTL, about 20% are currently under construction.%u2022 Downtown Fort Lauderdale%u2019s population is growing at a ratefaster than Florida%u2019s other urban centers.Downtown Fort Lauderdale population growth shows 13,553 residents in 2010; 26,083 in 2023; and is projected to be 33,414 in 2028. Population growth from 2024 to 2028 for Florida%u2019s major cities is projected to be: Downtown Fort Lauderdale: 28.1% Downtown West Palm Beach: 24.6% Downtown Miami: 18.9% Downtown Tampa: 18.9% All of South Florida: 2.5%%u2022 Downtown Fort Lauderdale is increasingly becoming a morekid-friendly destination with its share of residents below theage of 14 greater than all peer downtowns Share of Downtown Residents Younger than 14 Downtown Fort Lauderdale: 10% Downtown Tampa: 9% Downtown Atlanta: 7% Downtown Nashville: 6% Downtown Austin: 6% Downtown West Palm Beach: 5%%u2022 Downtown Fort Lauderdale has a robust developmentpipeline ln residential and retail uses, demonstrating stronginvestor confidence in the city%u2019s future growth trajectory. 50+ new development projects in the pipeline. 20,000+ new residential units are planned. Apartments %u2013 Current Inventory: 11.2K units; Future Growth: +18,000 units Condominiums %u2013 Current Inventory: 3,000 units; Future Growth: +2,000 units Office %u2013 Current Inventory: 9.2M sq ft: Future Growth: +350K sq ft Retail %u2013 Current Inventory: 1.6M sq ft; Future Growth: +800K sq ft Hotel - Current Inventory: 1.5K rooms; Future Growth: +630 rooms%u2022 Developers are building entirely new districts in DowntownFort Lauderdale. From restaurants and art galleries tomarinas and parks, these projects are creating new and iconicdestinations for both residents and the community at large.Cymbal DLT%u2019s Nautica Hotel and Residences located on the New River in the emerging TREDD District will be home to a 22,000 square foot marina with access to a yacht valet. This project will be part of Cymbal%u2019s $1.5 billion Nautico district which will also %u201cinclude high-end multifamily and condo components, shops and local favorites, a 5-star hotel, restaurants, fitness and wellness.%u201dDowntown Update continued